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Mshwari - the story so far
seriousinvestor
#1 Posted : Wednesday, October 23, 2013 8:12:21 AM
Rank: Hello


Joined: 10/23/2013
Posts: 1
WOW.
Now with over 5 million customers, over Ksh 5.2 Billion in loans, and Ksh 26.5 Billion in deposits.

Applause Applause Applause Applause
Gordon Gekko
#2 Posted : Wednesday, October 23, 2013 8:53:53 AM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
Someone is sitting on ksh 20B free cash!!! When is CBA going to list??
maka
#3 Posted : Wednesday, October 23, 2013 9:05:20 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
seriousinvestor wrote:
WOW.
Now with over 5 million customers, over Ksh 5.2 Billion in loans, and Ksh 26.5 Billion in deposits.

Applause Applause Applause Applause


This thing is phenomenal....and look at the crazy spread if they manage to reduce that its going to be the next big thing after mpesa...
possunt quia posse videntur
mkeiyd
#4 Posted : Wednesday, October 23, 2013 9:15:51 AM
Rank: Veteran


Joined: 3/26/2012
Posts: 1,182
Gordon Gekko wrote:
Someone is sitting on ksh 20B free cash!!! When is CBA going to list??


The richest family around might be following the steps of Manu Chandaria.

Big well-run biz that is not listed. Control and less statutory requirements dictate so.

They should all go Dangote way and list.

SAFAL Group could be working towards that end.
webish
#5 Posted : Wednesday, October 23, 2013 9:41:08 AM
Rank: Member


Joined: 10/19/2009
Posts: 671
Location: Nairobi
seriousinvestor wrote:
WOW.
Now with over 5 million customers, over Ksh 5.2 Billion in loans, and Ksh 26.5 Billion in deposits.

Applause Applause Applause Applause


All these Mobile based solutions, in my opinion, will propel us to Vision 2030, more than most lined-up projects they call "V2030 Flagship Projects"..(that may actually fail)...

Life is joy, death is peace, but the transition is very difficult.
Wondergirl
#6 Posted : Wednesday, October 23, 2013 11:09:52 AM
Rank: Member


Joined: 9/12/2009
Posts: 312
seriousinvestor wrote:
WOW.
Now with over 5 million customers, over Ksh 5.2 Billion in loans, and Ksh 26.5 Billion in deposits.

Applause Applause Applause Applause


Mr Seriousinvestor,
Welcome to Wazualand. I will not monolize you, I leave that to the experts.
Now that you have brought up M-Shwari,I was wondering, if i have deposits and I don't pertake in the loans, How do I benefit?( As do my money earn an interest?) Can I withdraw my money as i please?
mpobiz
#7 Posted : Wednesday, October 23, 2013 12:01:48 PM
Rank: Elder


Joined: 8/10/2010
Posts: 2,264
mkeiyd wrote:
Gordon Gekko wrote:
Someone is sitting on ksh 20B free cash!!! When is CBA going to list??


The richest family around might be following the steps of Manu Chandaria.

Big well-run biz that is not listed. Control and less statutory requirements dictate so.

They should all go Dangote way and list.

SAFAL Group could be working towards that end.


This thing is spreading like bushfire. I recently activated it on my fone, I am yet to deposit or borrow something. Does that make me a CBK customer? what is the maximum amount you can save in your account? finally which rich family are you talking about?
Politics is just things to keep the people divided and foolish and put your trust in men and none of them can do nothing for you...
maka
#8 Posted : Wednesday, October 23, 2013 12:55:39 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
mpobiz wrote:
mkeiyd wrote:
Gordon Gekko wrote:
Someone is sitting on ksh 20B free cash!!! When is CBA going to list??


The richest family around might be following the steps of Manu Chandaria.

Big well-run biz that is not listed. Control and less statutory requirements dictate so.

They should all go Dangote way and list.

SAFAL Group could be working towards that end.


This thing is spreading like bushfire. I recently activated it on my fone, I am yet to deposit or borrow something. Does that make me a CBK customer? what is the maximum amount you can save in your account? finally which rich family are you talking about?

Who owns CBA bank...that rich family...@Wondergirl you earn interest quartely on amounts deposited obviously way below the 91 day T~bill...
possunt quia posse videntur
Muheani
#9 Posted : Wednesday, October 23, 2013 2:46:12 PM
Rank: Veteran


Joined: 11/20/2009
Posts: 1,402
Wondergirl wrote:
seriousinvestor wrote:
WOW.
Now with over 5 million customers, over Ksh 5.2 Billion in loans, and Ksh 26.5 Billion in deposits.

Applause Applause Applause Applause


Mr Seriousinvestor,
Welcome to Wazualand. I will not monolize you, I leave that to the experts.
Now that you have brought up M-Shwari,I was wondering, if i have deposits and I don't pertake in the loans, How do I benefit?( As do my money earn an interest?) Can I withdraw my money as i please?


Yes You do.


Savings amount Interest P/A KES 1 - 10,000 2%
KES 10,001- 20,000 3%
KES 20,001 - 50,000 4%
KES > 50,001- 5%

http://www.safaricom.co..../m-shwari/m-shwari-faqs

interested Calculated on the amount in the account by Midnight. Interest paid out quaterly
maka
#10 Posted : Wednesday, October 23, 2013 5:22:24 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Muheani wrote:
Wondergirl wrote:
seriousinvestor wrote:
WOW.
Now with over 5 million customers, over Ksh 5.2 Billion in loans, and Ksh 26.5 Billion in deposits.

Applause Applause Applause Applause


Mr Seriousinvestor,
Welcome to Wazualand. I will not monolize you, I leave that to the experts.
Now that you have brought up M-Shwari,I was wondering, if i have deposits and I don't pertake in the loans, How do I benefit?( As do my money earn an interest?) Can I withdraw my money as i please?


Yes You do.


Savings amount Interest P/A KES 1 - 10,000 2%
KES 10,001- 20,000 3%
KES 20,001 - 50,000 4%
KES > 50,001- 5%

http://www.safaricom.co..../m-shwari/m-shwari-faqs

interested Calculated on the amount in the account by Midnight. Interest paid out quaterly


So if I save money for a week i should get that at the end of the quarter but calculated on my 7 day saving period...that should be kshs 47.94 interest for a saving of 50,000 over a 7 day period....paid in. arrears...mmmh
possunt quia posse videntur
wazuaguest
#11 Posted : Wednesday, October 23, 2013 11:50:45 PM
Rank: Member


Joined: 2/9/2012
Posts: 576
what's the portfolio at risk.....that will complete the whole story otherwise I am not buying the success story yet.
Africa belongs to Africans.
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